Tran Capital Management, L.P.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), Tran Capital Management, L.P. reported 47 stock positions worth $898.2 million. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Amazon.com (AMZN, 7.3%) and Aercap (AER, 6.2%). Compared with Q4 2023, it opened 8 new positions, sold out of 3, added to 11 and reduced 21. The biggest buy was Schwab (charles) (SCHW, shares +129%) and the biggest sale Alphabet Class A (GOOGL, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- SAN RAFAEL, CA
- CIK
- 0001009262
- Portfolio Value
- $898.2M (Q1 2024)
- SEC Filing
- 0001104659-24-049412 ↗ filed Apr 19, 2024
Holdings Value
Holdings 47 stocks · $898.2M
| MSFT Microsoft Corp. | 7.34% | 156,746 | $65.9M | Add +6.9% |
| AMZN Amazon.com Inc. | 7.30% | 363,437 | $65.6M | Add +1.6% |
| AER Aercap Holdings NV | 6.24% | 645,350 | $56.1M | Reduce -2.3% |
| FERG Ferguson Jersey Ltd. | 5.97% | 245,592 | $53.6M | Reduce -7.2% |
| DHR Danaher Corp. | 5.74% | 206,339 | $51.5M | Add +8.7% |
| BALL Ball Corp. | 4.86% | 647,646 | $43.6M | Add +2.7% |
| ENTG Entegris Inc. | 4.84% | 309,592 | $43.5M | Reduce -7.0% |
| SHW The Sherwin-Williams Co. | 4.48% | 115,753 | $40.2M | Reduce -5.9% |
| IQV Iqvia Holdings Inc. | 4.42% | 157,146 | $39.7M | Reduce -19.8% |
| PYPL PayPal Holdings Inc. | 4.27% | 572,013 | $38.3M | Add +1.1% |
| PANW Palo Alto Networks Inc. | 4.21% | 132,965 | $37.8M | Add +59.5% |
| TMUS T-Mobile US Inc. | 3.96% | 217,831 | $35.6M | Add +6.5% |
| MLM Martin Marietta Materials | 3.84% | 56,155 | $34.5M | Reduce -35.3% |
| META Meta Platforms Inc. Class A | 3.70% | 68,524 | $33.3M | Add +54.1% |
| EQIX Equinix Inc. | 3.69% | 40,191 | $33.2M | Add +85.4% |
| SCHW Schwab (charles) Corp. | 3.49% | 433,211 | $31.3M | Add +128.6% |
| INTU Intuit Inc. | 3.27% | 45,135 | $29.3M | Reduce -10.3% |
| CRM Salesforce Inc. | 3.03% | 90,225 | $27.2M | Add +57.5% |
| PGR Progressive Corp. | 2.76% | 119,753 | $24.8M | Reduce -48.9% |
| GOOGL Alphabet Inc. Class A | 2.19% | 130,416 | $19.7M | Reduce -58.9% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 1.90% | 214,693 | $17.1M | Reduce -7.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.80% | 118,769 | $16.2M | New |
| BKR Baker Hughes Co. | 1.17% | 314,673 | $10.5M | Reduce -67.3% |
| ACN Accenture PLC Class A | 0.99% | 25,609 | $8.9M | Reduce -1.0% |
| PLNT Planet Fitness Inc. Class A | 0.92% | 131,517 | $8.2M | Reduce -4.4% |
| UNH Unitedhealth Group Inc. | 0.82% | 14,809 | $7.3M | New |
| GTLB Gitlab Inc. Class A | 0.57% | 88,138 | $5.1M | New |
| EXPE Expedia Group Inc. | 0.54% | 35,402 | $4.9M | New |
| GGG Graco Inc. | 0.34% | 33,004 | $3.1M | Reduce -23.7% |
| KEYS Keysight Technologies Inc. | 0.26% | 14,831 | $2.3M | Reduce -17.5% |
| EXR Extra Space Storage Inc. | 0.19% | 11,910 | $1.8M | No change |
| BF.B Brown-Forman Corp. Class B | 0.12% | 20,075 | $1.0M | Reduce -39.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 1,535 | $803K | Reduce -65.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.08% | 5,787 | $708K | No change |
| AFL Aflac Inc. | 0.08% | 8,000 | $687K | No change |
| XYZ Block Inc. | 0.06% | 6,768 | $572K | No change |
| SCHP Schwab U.S. Tips ETF | 0.06% | 9,580 | $500K | Reduce -63.0% |
| SCHR Schwab Intermediate-Term US | 0.06% | 10,141 | $497K | Reduce -59.1% |
| RSP Invesco S&P 500 Equal Weight | 0.05% | 2,560 | $434K | New |
| IWM iShares Russell 2000 ETF | 0.05% | 2,050 | $431K | New |
| VMBS Vanguard Mortgage-Backed Sec | 0.05% | 9,179 | $419K | Reduce -64.7% |
| EEM iShares MSCI Emerging Market | 0.05% | 10,125 | $416K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.04% | 5,400 | $401K | New |
| TXN Texas Instruments Inc. | 0.04% | 2,000 | $348K | No change |
| AAPL Apple Inc. | 0.04% | 1,958 | $336K | Reduce -7.8% |
| TECH Bio-Techne Corp. | 0.03% | 4,000 | $282K | No change |
| PFF iShares Preferred & Income S | 0.03% | 7,115 | $229K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| GOOGL Alphabet Inc. Class A | Reduce -58.9% | 2.19% | −2.97 |
| CLVT Clarivate PLC | Sold out | 0.00% | −2.81 |
| BKR Baker Hughes Co. | Reduce -67.3% | 1.17% | −2.66 |
| CTLT Catalent Inc. | Sold out | 0.00% | −1.89 |
| PGR Progressive Corp. | Reduce -48.9% | 2.76% | −1.59 |
| MLM Martin Marietta Materials | Reduce -35.3% | 3.84% | −1.20 |
| IQV Iqvia Holdings Inc. | Reduce -19.8% | 4.42% | −0.85 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -7.5% | 1.90% | −0.52 |
| INTU Intuit Inc. | Reduce -10.3% | 3.27% | −0.40 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.33 |
| PLNT Planet Fitness Inc. Class A | Reduce -4.4% | 0.92% | −0.25 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -65.3% | 0.09% | −0.16 |
| BF.B Brown-Forman Corp. Class B | Reduce -39.9% | 0.12% | −0.11 |
| SCHP Schwab U.S. Tips ETF | Reduce -63.0% | 0.06% | −0.10 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -64.7% | 0.05% | −0.09 |
| GGG Graco Inc. | Reduce -23.7% | 0.34% | −0.09 |
| SCHR Schwab Intermediate-Term US | Reduce -59.1% | 0.06% | −0.09 |
| KEYS Keysight Technologies Inc. | Reduce -17.5% | 0.26% | −0.07 |
| ACN Accenture PLC Class A | Reduce -1.0% | 0.99% | −0.07 |
| AAPL Apple Inc. | Reduce -7.8% | 0.04% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -5.9% | 4.48% | +0.01 |
| FERG Ferguson Jersey Ltd. | Reduce -7.2% | 5.97% | +0.02 |
| ENTG Entegris Inc. | Reduce -7.0% | 4.84% | +0.20 |
| AER Aercap Holdings NV | Reduce -2.3% | 6.24% | +0.53 |
Portfolio Buys Q4 2023 → Q1 2024
| SCHW Schwab (charles) Corp. | Add +128.6% | 3.49% | +1.97 |
| META Meta Platforms Inc. Class A | Add +54.1% | 3.70% | +1.87 |
| TSM Taiwan Semiconductor-SP ADR | New | 1.80% | +1.80 |
| EQIX Equinix Inc. | Add +85.4% | 3.69% | +1.66 |
| PANW Palo Alto Networks Inc. | Add +59.5% | 4.21% | +1.34 |
| CRM Salesforce Inc. | Add +57.5% | 3.03% | +1.27 |
| AMZN Amazon.com Inc. | Add +1.6% | 7.30% | +0.97 |
| MSFT Microsoft Corp. | Add +6.9% | 7.34% | +0.92 |
| UNH Unitedhealth Group Inc. | New | 0.82% | +0.82 |
| BALL Ball Corp. | Add +2.7% | 4.86% | +0.63 |
| DHR Danaher Corp. | Add +8.7% | 5.74% | +0.62 |
| GTLB Gitlab Inc. Class A | New | 0.57% | +0.57 |
| EXPE Expedia Group Inc. | New | 0.54% | +0.54 |
| PYPL PayPal Holdings Inc. | Add +1.1% | 4.27% | +0.22 |
| TMUS T-Mobile US Inc. | Add +6.5% | 3.96% | +0.14 |
| RSP Invesco S&P 500 Equal Weight | New | 0.05% | +0.05 |
| IWM iShares Russell 2000 ETF | New | 0.05% | +0.05 |
| EEM iShares MSCI Emerging Market | New | 0.05% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 66 | $868.7M | ARM, PANW, NVDA, AMZN, GOOGL |
| Q1 2026 | 71 | $728.3M | NVDA, ARM, FERG, AMZN, MSFT |
| Q4 2025 | 73 | $834.9M | NVDA, TLN, AMZN, MSFT, DHR |
| Q3 2025 | 71 | $836.6M | TLN, NVDA, MSFT, AMZN, FERG |
| Q2 2025 | 68 | $849.6M | MSFT, AMZN, NVDA, TLN, META |
| Q1 2025 | 65 | $743.3M | AMZN, TLN, MSFT, NVDA, DHR |
| Q4 2024 | 63 | $881.9M | AMZN, MSFT, TLN, NVDA, AER |
| Q3 2024 | 61 | $928.5M | MSFT, AMZN, TLN, NVDA, DHR |
| Q2 2024 | 51 | $862.0M | MSFT, AMZN, AER, NVDA, DHR |
| Q1 2024 | 47 | $898.2M | MSFT, AMZN, AER, FERG, DHR |